Cyprus and Greece: Extension of EU funding rates and additional support

October 25, 2016

Hat: New Commission proposal helps Cyprus and Greece fully seize investment opportunities under ESI Funds.

Funding Scheme: 2016-10-25

Pgm2014 2020: Yes

Isfondstruct: Yes

Amorce:

The Commission has decided to continue helping these Member States to make the most out of the investment opportunities offered by the ESI Funds in the 2014-2020 programming period.

Text:

The Commission proposes to extend the maximum EU co-financing rate of 85% for Cyprus until the end of the 2014-2020 programming period. This would relieve the Cypriot budget by €99 million. Concerning Greece, the Commission proposed an increase in payments by 10% (the “top-up”) until 30 June 2016.

Url description: Info Regio

Url: http://ec.europa.eu/regional_policy/en/newsroom/news/2016/06/27-06-2016-new-commission-proposal-helps-cyprus-and-greece-fully-seize-investment-opportunities-under-esi-funds